Effective Leverage Ratio definition

Effective Leverage Ratio has the meaning set forth in the Statement.

Effective Leverage Ratio has the meaning set forth in the Fee Agreement.

Effective Leverage Ratio means the quotient of:

Examples of Effective Leverage Ratio in a sentence

• As of the Closing Date, the Fund is in compliance with the Effective Leverage Ratio and the Minimum Asset Coverage as required by the Statement of Preferences.

• As of the Closing Date, the Fund is in compliance with the Effective Leverage Ratio and the Minimum Asset Coverage as required by the Articles Supplementary.

• If required based on such calculations, the Fund shall restore the Effective Leverage Ratio as provided in Section 2.3(c)(ii) of the Supplement.

• For purposes of calculating the Effective Leverage Ratio for purposes of the representation contained in the second preceding paragraph, any Overconcentration Amount has been subtracted from the sum determined pursuant to sub-section (ii) of the definition of Effective Leverage Ratio, set out in Section 2.3(d) of the Supplement.

• In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities shall reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.

More Definitions of Effective Leverage Ratio

Effective Leverage Ratio shall have the meaning as set forth in Section 2.4(d).

Effective Leverage Ratio has the meaning set forth in the Articles Supplementary.

Effective Leverage Ratio has the meaning set forth in the Notice.

Effective Leverage Ratio has the meaning set forth in the Variable Rate Mode Supplement.

Effective Leverage Ratio has the meaning set forth in the Supplement.

Effective Leverage Ratio has the meaning set forth in the Statement of Preferences.

Effective Leverage Ratio means the ratio, as of the last day of the relevant Measurement Period, of Effective Funded Debt to EBITDAR.